Compare HYCM vs MultiBank


Online brokers compared for fees, trading platforms, safety and more. See how HYCM stacks up against MultiBank!

HYCM vs MultiBank
overall rating
4.3
4.0
overall pros
  • Low forex and CFD fees
  • Great educational content
  • User-friendly account opening
  • Quick and easy account opening
  • Free and varied deposit and withdrawal options
  • Fast and helpful customer service
overall cons
  • Only forex and CFD products
  • Trading platforms have outdated design
  • Inactivity fee
  • High stock CFD and inactivity fees
  • Limited product coverage
  • Poor research and educational tools
fees
4.1
  • Low forex fees
  • Low CFD fees
  • Inactivity fee
3.3
  • Low forex fees
  • No withdrawal fee
  • High inactivity fee
  • High stock CFD fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
  • High minimum deposit for ECN Pro and MultiBank Pro accounts
deposit and withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Average account currency selection
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safer) login
  • Poor design
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Forex
  • CFD
  • Crypto
1.4
  • Forex
  • CFD
  • Crypto
research
3.5
  • Trading ideas
  • User-friendly
  • Economic calendar
  • Limited interactive charting
  • Very low quality newsfeed
2.3
  • User-friendly
  • Useful daily newsletters
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
3.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Mediocre email support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos miss tags or categorization
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
  • No investor protection outside the EU&UK
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • No investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex and CFD traders who prefer the MetaTrader platform Forex and CFD traders familiar with the MetaTrader trading platform
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